Narrow search
Showing 1 - 10 of 172
Cover Image
Prices versus quantities in electricity generation
Hahmeier, Mark - 2009
This paper examines the prices versus quantities issue, originally raised by Weitzman [8], in the context of carbon dioxide emissions and with a special focus on electricity generation. Within a simpli ed model of the electricity market, in which we explicitly allow for a monopolistic gas...
Persistent link: https://www.econbiz.de/10003877131
Cover Image
Prices versus quantities in electricity generation
Hahmeier, Mark - 2009
This paper examines the prices versus quantities issue, originally raised by Weitzman [8], in the context of carbon dioxide emissions and with a special focus on electricity generation. Within a simpli ed model of the electricity market, in which we explicitly allow for a monopolistic gas...
Persistent link: https://www.econbiz.de/10010266979
Cover Image
The state's enforcement monopoly and the private protection of property
Grechenig, Kristoffel; Kolmar, Martin - 2011
with enforcement rights; second, the rights of the individuals are (partly) restricted. In a simple model of property … rights with appropriation and defense activity, we show that a restriction of private enforcement is beneficial for the … commitment device for a certain level of enforcement. However, commitment will only work if the state can regulate private …
Persistent link: https://www.econbiz.de/10010286713
Cover Image
Deterrence by imperfect sanctions: A public good experiment
Engel, Christoph - 2013
Sanctions are often so weak that a money maximizing individual would not be deterred. In this paper I show that they may nonetheless serve a forward looking purpose if sufficiently many individuals are averse against advantageous inequity. Using the Fehr/Schmidt model (QJE 1999) I define three...
Persistent link: https://www.econbiz.de/10010323867
Cover Image
Learning the Law
Engel, Christoph - 2004
Hardly any of the law's subjects know the text of the provisions that govern their conduct. Even less would they be able to handle this text properly, were they to get access to it. Nonetheless the law firmly believes that it is not feckless. This paper solves the puzzle by drawing on four...
Persistent link: https://www.econbiz.de/10010324009
Cover Image
People are conditional rule followers
Desmet, Pieter; Engel, Christoph - 2017
Experimental participants are more likely to follow an arbitrary rule the more of their peers do so as well. The difference between unconditional and conditional rule following is most pronounced for individuals who follow few rules unconditionally.
Persistent link: https://www.econbiz.de/10011688384
Cover Image
On probation: an experimental analysis
Engel, Christoph; Hennig-Schmidt, Heike; Irlenbusch, Bernd - 2009
Does probation pay a double dividend? Society saves the cost of incarceration, and convicts preserve their liberty. But does probation also reduce the risk of recidivism? In a meta-study we show that the field evidence is inconclusive. Moreover it struggles with an identification problem: those...
Persistent link: https://www.econbiz.de/10010266976
Cover Image
Beware of broken windows! First impressions in public-good experiments
Beckenkamp, Martin; Engel, Christoph; Glöckner, Andreas; … - 2009
Broken Windows: the metaphor has changed New York and Los Angeles. Yet it is far from undisputed whether the broken windows policy was causal for reducing crime. In a series of lab experiments we show that first impressions are indeed causal for cooperativeness in three different institutional...
Persistent link: https://www.econbiz.de/10010267001
Cover Image
Turning the lab into Jeremy Bentham's panopticon: The effect of punishment on offenders and non-offenders
Engel, Christoph; Irlenbusch, Bernd - 2010
The most famous element in Bentham's theory of punishment, the Panopticon Prison, expresses his view of the two purposes of punishment, deterrence and special prevention. We investigate Bentham's intuition in a public goods lab experiment by manipulating how much information on punishment...
Persistent link: https://www.econbiz.de/10010270435
Cover Image
At the mercy of the prisoner next door: Using an experimental measure of selfishness as a criminological tool
Chmura, Thorsten; Engel, Christoph; Englerth, Markus; … - 2010
Do criminals maximise money? Are criminals more or less selfish than the average subject? Can prisons apply measures that reduce the degree of selfishness of their inmates? Using a tried and tested tool from experimental economics, we cast new light on these old criminological questions. In a...
Persistent link: https://www.econbiz.de/10010270634